Small and medium enterprises were already facing a challenging situation due to the global financial crisis. But the Corona epidemic made the situation even more difficult.
Wadhwani Advantage, an initiative of the Wadhwani Foundation, empowers small and medium businesses by maximizing their growth potential and helping them create high-value jobs with AI-powered business consulting services, Do-It-Yourself (DIY)’ tool kits, personalized knowledge resources, and a curated network of consultants, advisors, coaches, and mentors.
In its concerted effort towards achieving hyper-growth of SMEs, Wadhwani Advantage helped Aurangabad based SME, Excelize Software to develop its business further. Excelize Software Private Limited [ESPL] is a global architectural services firm that specializes in providing Building Information Modelling (BIM) & Design Management Services (DMS) to real estate developers, building contractors & architecture firms. It has a team strength of 80 with a presence in United States, Middle East, and India.
Experts at Wadhwani Advantage did a deep dive analysis and discovered three-fold areas of improvement in Excelize for propelling its growth trajectory i.e. Strategic Partnerships, Talent Management and Financial Management.
Excelize started implementing the growth plans in FY 2019 by investing in people, process and technology to enable growth and, as a result, ended FY 2019 with highest revenues and the biggest team size in its past 15+ years of existence. Although the pandemic caused ESPL to temporarily put on hold, its plans in first half of 2020, ESPL converted this challenge into an opportunity by using the pause in business for better planning and focusing its efforts on improving operational efficiencies, financial systems and undertaking marketing for business development.
Says Pratap Dhopte, Managing Director, Excelize Software Private Limited, “Our participation in the Wadhwani Advantage program has given us the confidence to dream about multi-fold growth and provided us the access to resources that we need to make it happen. We have found a partner who is for all purposes – the wind beneath our wings. We thank the Wadhwani Foundation for their encouragement, advice and wonderful support.”
Commenting on the engagement of Wadhwani Advantage with Excelize Software Shruti Upadhyaya, Senior Transformation Manager, Wadhwani Advantage said, “Excelize Software has been a benchmark SME with a clear desire and passion to grow and outrun its competitors. The vision of Pratap Dhopte, MD of Excelize and his team’s efforts towards implementing the growth strategy have been commendable. Excelize has been able to make a distinct mark in the domestic market and is successfully running its business in several international locations too.”